1% fixed interest rate
Paid at maturity
Earn monthly interest
No minimum amount required
Simply start saving
Enjoy 1% fixed interest rate
Enjoy a fixed interest rate of 1% (subject to change) with the Dream Saver Account and realise your dreams faster.
It’s easy to start with no minimum deposit
With no minimum deposit amount, saving is easy with Dream Saver. You can simply start saving from day one to realise your dreams.
You dream, you save, you get
Mashreq Customers can set up Dream Saver account online, or simply walk into any Branch.
Saving for dreams
Choose your dream, tenor and initial deposit. There’s absolutely no penalty if you withdraw your funds before the end of the tenor*. *T&Cs apply
It’s easy to grow your savings
Eligibility
Minimum deposit
Mashreq Account
Age
You will need
Dream Saver
Let’s set up your Dream
What’s your dream
Yours Savings Goal
Months to Save
Interest – Fixed rate 1.00% (rate subject to change)
Are you ready to apply?
Transparency
Still got questions?
There is no minimum amount required to open a Dream Saver Account. To calculate how much you need to save in order to achieve your dream, simply enter the value/cost of your dream in AED along with the tenure in which you aim to achieve it. The system automatically calculates the monthly amount you need to save in order to realise your dream.
Was this useful?
- Dream Saver Account can be opened in AED (Dirhams) only.
Was this useful?
You need to have an active Mashreq Current or Savings Account in order to open a Dream Saver Account.
Was this useful?
- You can apply for a Dream Saver Account through Mashreq Mobile or Online banking.
Was this useful?
- There are no fees or charges applicable on the Dream Saver Account.
Was this useful?
Interest on the Dream Saver Account is accrued monthly on the principal amount and credited on liquidation/maturity to the same account. The principal+interest is then transferred to the destination account chosen by you at the time of account opening.
Was this useful?
Yes, you will earn interest for the duration the funds have remained in the Dream Saver Account. However, the bank has the right to apply a premature withdrawal fee without any prior notice. This withdrawal fees will be the interest applicable for the total period for which the deposit has run less applicable penalty.
Was this useful?
The Dream Saver account is intended to help you achieve a specific savings goal over a fixed period of time. While you can access the funds in your Dream Saver account, any withdrawal before the completion of the savings tenure will result in a loss of accumulated interest and a premature end of your savings goal.
The product is not suitable for someone who anticipates the need to withdraw funds before completion of the savings period that was set up when opening the Dream Saver account.
For day-to-day transactional needs a Mashreq Current or Savings account is more suitable.Was this useful?
As mentioned in the question above, the product is not suitable for someone who anticipates the need to withdraw funds before completion of the savings period that was set up when opening the Dream Saver account, hence no Debit Card is provided for this account.
For day-to-day transactional needs a Mashreq Current or Savings account is more suitable.Was this useful?
You may also be interested in
Basic Savings Account
A Savings Account that offers interest on deposits, whilst offering you the freedom to make banking transactions at no cost.
Interest rate of 0.15% p.a. every 6 months (Rates are subject to change)
Visa Debit Card
Quick & easy processing
MaxSaver Account
MaxSaver Account is a convenient and flexible account which is offered in both AED and US dollars. It offers attractive interest rates to help you save more.
Up to 1.10% Interest (Rates are subject to change)
Accounts offered in AED & USD
Convenient & Flexible
Did you find the information you were looking for on this page?